Liquidia Corporation (LQDA)
NASDAQ: LQDA
· Real-Time Price · USD
27.30
-0.05 (-0.18%)
At close: Aug 21, 2025, 3:59 PM
27.49
0.70%
Pre-market: Aug 22, 2025, 07:25 AM EDT
LQDA Delta Exposure By Expiry
The total Delta Exposure (DEX) for LQDA across all expirations shows 1,506,916.6 net shares that market makers must hedge, with 1,644,777.19 from calls and 137,860.59 from puts. The put-call delta ratio of 0.08 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 16, 26 with 536,056.71 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
LQDA DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 292,234.03 | -25,338.62 | 266,895.41 | 0.09 |
| Oct 17, 25 | 541,278.37 | -18,787.11 | 522,491.26 | 0.03 |
| Nov 21, 25 | 109,448.71 | -71,752 | 37,696.71 | 0.66 |
| Jan 16, 26 | 556,802.38 | -20,745.67 | 536,056.71 | 0.04 |
| Apr 17, 26 | 40,282.43 | -73.96 | 40,208.47 | 0.00 |
| Oct 16, 26 | 5,319.24 | -24.4 | 5,294.84 | 0.00 |
| Jan 15, 27 | 99,412.03 | -1,138.83 | 98,273.2 | 0.01 |